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India tops global remittance flows at $125 billion in 2023: World Bank

New Delhi, Dec 19 (PTI) India saw the highest amount of remittance inflows in the world in 2023 at USD 125 billion, driven by several factors, including the country's agreement with the UAE, for promoting the use of dirhams and rupees for bilateral trade, the World Bank said. ....

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Bangladesh sets new record in labour exports as year nears end

As the year draws to a close, Bangladesh celebrates a remarkable achievement in the realm of foreign employment, breaking all previous records.  According to data from the Bureau of Manpower, Employment, and Training (BMET), the country has sent a staggering 1.204 million workers abroad until 29 November this year, surpassing last year's figure of 1.135 million workers. A ....

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Some banks get more remittance. Is it for extra efforts, or higher dollar rates?

Highlights:  The banks that follow verbal rules of BB are losing but those offering higher rates winning  Banks are supposed to pay up to Tk110 per dollar for remittances  According to bankers, some banks pay max Tk116 to collect remittances Exchange houses also compete among themselves to collect remittance  They collect remittances at higher rates, sell ....

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Brac Bank spurs legal remittance channels at UAE festival

Brac Bank took part in a “Remitters’ Festival-2022” at Expo Centre Sharjah in the UAE recently which was aimed at encouraging expatriates to send their hard-earned money home through legal channels, especially banking channels. ....

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"Bangladesh won't depend on remittance alone"

Prime Minister Sheikh Hasina today (July 31, 2022) said Bangladesh will not depend on remittance alone and will diversify products to expand the export basket for which new international markets have to be explored. ....

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